Inflated: How Money and Debt Built the American Dream (Google eBook)

Front Cover
John Wiley & Sons, Nov 4, 2010 - Business & Economics - 352 pages
3 Reviews
Americans as a whole view themselves as reasonably prudent and sober people when it comes to matters of money, reflecting the puritan roots of the earliest European settlers. Yet as a community, we also seem to believe that we are entitled to a lifestyle that is well-beyond our current income, a tendency that goes back to the earliest days of the United States and particularly to get rich quick experiences ranging from the Gold Rush of the 1840s to the real estate bubble of the early 21st Century.

Inflated examines this apparent conflict and makes the argument that such a world view is so ingrained in us that to expect the United States to live in a "deflated" world is simply unrealistic. It skillfully seeks to tell the story of, money inflation and public debt as enduring (and perhaps endearing) features of American life, rather than something we can one day overcome as our policy makers constantly promise.

  • Features interviews with today's top financial industry leaders and insiders.
  • Offer a glimpse into the future of the Federal Reserve and the role it will play in the coming years
  • Examines what the future may hold for the value of the U.S. dollar and the real incomes of future generations of Americans

The gradual result of the situation we find ourselves in will inevitably lead to inflation, loss of economic opportunity, and a decline in the value of the dollar. This book will show you why, and reveal how we might be able to deal with it.

  

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LibraryThing Review

User Review  - Miro - LibraryThing

This is yet another recent and excellent book about politics and finance, in this case focusing on the American economy since the Civil War. Whalen shows in a detailed way how the the role of the ... Read full review

Review: Inflated: How Money and Debt Built the American Dream

User Review  - Erez Davidi - Goodreads

This book wasn't what was expected. I expected a book on the current financial crisis, however, this book is mainly about the US monetary history. Rather than providing a broad review of US economic ... Read full review

Contents

Free Banking and Private Money
1
State Debt Defaults
9
The Age ofAndrewJackson
15
The Gold Rush
24
Robber Barons and the Gilded Age
63
The Rise of the Central Bank
85
War Boom and Bust
123
New Deal to Cold War
183
A Rising Tide Lifts
241
Leveraging the American Dream
285
A New Monetary Order
329
Changing Places
338
Notes
347
Selected References
365
Index
371

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About the author (2010)

R. CHRISTOPHER WHALEN is cofounder and Managing Director of Institutional Risk Analytics, a Torrance, California, bank rating agency and consulting firm. He is editor of IRA's popular newsletter, the Institutional Risk Analyst, and heads IRA's advisory practice. Whalen is among one of the most frequently quoted financial analysts in the United States and appears regularly on Bloomberg, CNBC, and National Public Radio. He worked for the U.S. House of Representatives, the Federal Reserve Bank of New York, as a Mexico analyst during the 1990s, and as an investment banker for firms such as Bear Stearns & Co., and Prudential Securities. During his three decades as an investment banker and writer, Whalen contributed to publications such as Barron's, American Banker, the New York Times, Financial Times, and many others. He has testified before both the U.S. Congress and the Securities and Exchange Commission on issues ranging from financial regulation to OTC derivatives to XBRL to the federal rescue of GMAC. For more information, visit www.rcwhalen.com.

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